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Signs that oil's rally is easing as price falls below $90

The oil market’s structure weakened markedly on Friday, and one oil-focused ETF experienced its biggest withdrawal since July 2020 ....

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More 'Short Term' Losses For Oil As Demand Shows No Signs Of Abatement

Meanwhile, shale producers will get a break from the banks. ....

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Oil rally could extend into summer

Oil rally could extend into summer
Elizabeth Low and Alex Longley, Bloomberg
Feb. 24, 2021
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The effects of the winter storm in Texas may be seen on crude stockpiles when government data is released Wednesday.David Paul Morris / Bloomberg
Oil climbed again, with mixed news on global inventories offset by expectations of a prolonged market rally into the summer.
Futures in New York climbed as much as 1.4%, wiping out an earlier loss. The American Petroleum Institute reported crude inventories increased by 1.03 million barrels last week, though stockpiles at a key European storage hub are at their lowest level since September, according to Genscape. The structure of the futures curve continues to indicate tighter supply. ....

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